OYO's $525 Million Deal: Acquiring Motel 6 and Studio 6 Brands to Expand in the US
OYO acquires iconic American budget hotel chain Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million in an all-cash transaction.
OyoMotel 6Studio 6Blackstone Real EstateHospitality IndustryReal Estate MaharashtraSep 21, 2024
The deal is expected to close in the fourth quarter of 2024, subject to customary closing conditions. OYO will leverage its comprehensive technology suite as well as its global distribution network and marketing expertise to further strengthen the Motel 6 and Studio 6 brands and drive continued financial growth.
Motel 6's franchise network produces gross room revenues of $1.7 billion, which generates a strong fee base and cash flow for G6. OYO will operate the acquired brands as a separate entity.
OYO has steadily expanded its footprint in the US since its launch in the region in 2019 and operates over 320 hotels across 35 states. In 2023, OYO added nearly 100 hotels to its US portfolio and aims to add about 250 hotels in 2024.
Frequently Asked Questions
What is the value of the deal between OYO and Blackstone Real Estate?
$525 million
What brands is OYO acquiring from Blackstone Real Estate?
Motel 6 and Studio 6 brands
What is the expected timeline for the deal to close?
Fourth quarter of 2024
How many hotels does OYO operate in the US?
Over 320 hotels across 35 states
What is the goal of OYO's acquisition of Motel 6 and Studio 6 brands?
To strengthen its international presence and expand its footprint in the US hospitality industry
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.